Wednesday, 30 May 2012
By Stuart Alan Becker
Phnom Penh Post
Regional conglomerate Jebsen & Jessen Southeast Asia (JJSEA)
announced the purchase of Singapore-based Halcyon Offshore on Monday, in
an expansion move that extends the multi-disciplinary company into the
service of offshore marine vessels and shipyards.
Jebsen &
Jessen’s Cambodia country manager says the move could have implications
for Cambodia’s own developing offshore marine industry.
“We’re
going into a new area, a very interesting field. Hopefully we will
develop some additional opportunities for Cambodia in the years to come
when the offshore market is ready. This could be highly interesting,”
said Alfons Mensdorff-Pouilly, general manager, Jebsen & Jessen
Cambodia Ltd.
“This is a very significant acquisition for Jebsen
& Jessen and it goes along with our expansion policy that we have
started a couple of years ago, one part of which was also to open up in
Cambodia and these go hand in hand,” Mensdorff-Pouilly said.
Halcyon
Offshore Pte Ltd, which had a turnover of more than US$100 million in
2011 and employs 470 people, is one of the leading engineering and
construction firms providing services to owners and operators of marine
vessels and shipyards.
“We were attracted to the offshore and marine sector by its strong long-term fundamentals,” said Group Chairman Heinrich Jessen.
Originally
a Danish company founded in 1895, Jebsen & Jessen is now a global
group of companies with its Southeast Asia headquarters in Singapore
since 1963, employing 3,500 people across the region in Cambodia,
Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand and
Vietnam.
To contact the reporter on this story: Stuart Alan Becker at stuart.becker@gmail.com
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